Commodity Power

• Easy assessment of overall loan eligibility
• Competitive interest rate
• For loans on repo Rate:
  • Competitive interest rate will be linked to prevailing Repo rate.
  • Ceiling rate will be 18% per annum. PF 0.35% + applicable taxes
  • Repo rate reset frequency – Quarterly from the date of disbursement.
  • The bank is free to decide the spread over repo rate. The spread may undergo change during the tenure of the loan.
  • Customers who have already availed disbursement or received sanction prior to October 1, 2019, will continue to operate on MCLR till subsequent renewal or change request.
  • Existing customer can get in touch with our customer care, if they wish to switch to Repo Rate
• For Loans on MCLR
  • Ceiling rate will be 18% per annum. PF 0.35% + applicable taxes. MCLR reset frequency shall be yearly.

• Scheme to finance non-individuals against Warehouse Receipts (WRs)/Storage Receipts (SRSs).
• Nature of Facility-Credit Line
• Amount of Loan:
• Min. Rs 10 lacs
• Max. Rs 500 lacs

Finance against approved agri commodities stored in various Private/Professional/Govt Warehouses.

Pledge of WRs / SRs with lien noted in favour of Axis Bank Limited.

• Proprietorship firm,Partnership firm, Limited Liability Partnerships (LLPs), Hindu Undivided Family (HUF), Private Limited Companies, Public Limited Companies, Co-operatives
• Age criteria in case of for Sole Proprietorships: Min. 18 years, Max. 75 years at the end of loan tenure.

3 Years Vintage in Business Required.

• KYC documents
• Application form
• Income Documents
• Statement of account